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| Company Circular No: | LCH.Clearnet Ltd Circular No 3239 |
| Service Circular No: | RepoClear No 197 |
| Date: | 21 December 2012 |
| To: | All RepoClear Clearing Members |
Fixed Income Default Fund Phase 2: Ballot Result Announcement
In circular 3228 dated 23 November 2012, we announced the commencement of a RepoClear member ballot to introduce a Service Closure phase and absolute cap to the size of the Default Fund for the RepoClear service.
We are now very pleased to announce that the ballot has been successful with 81%* of RepoClear Clearing Members voting and 98%* of those who did, voting in favour. Please accept our thanks for your support.
Should you have any questions please e-mail [email protected].
*Rounded to the nearest whole number